China New City Group Balance Sheet Health
Financial Health criteria checks 1/6
China New City Group has a total shareholder equity of CN¥4.8B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are CN¥13.5B and CN¥8.7B respectively. China New City Group's EBIT is CN¥25.5M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥181.2M.
Key information
71.2%
Debt to equity ratio
CN¥3.45b
Debt
Interest coverage ratio | 0.3x |
Cash | CN¥181.19m |
Equity | CN¥4.84b |
Total liabilities | CN¥8.69b |
Total assets | CN¥13.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C7B's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: C7B's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: C7B's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: C7B's debt to equity ratio has increased from 50.3% to 71.2% over the past 5 years.
Debt Coverage: C7B's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: C7B's interest payments on its debt are not well covered by EBIT (0.3x coverage).